Cummins India Limited, a subsidiary of Cummins Inc. (USA), is a dominant player in the Indian power solutions market. It operates across three core segments: Power Systems (generators, alternators), Industrial Engines (used in construction, mining, and marine applications), and Distribution (aftermarket services). The company benefits directly from India's...
Weekly Recap:
Bank Nifty opened last week with a gap-down at 49,336.10, plunging 2,166.6 points or -4.21%. However, it recovered over the course of the week and eventually settled at 51,002.35, registering a modest weekly decline of -0.97%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend...
Weekly Recap:
Last week, Nifty opened with a gap-down at 21,758.40, dropping 1,146.05 points or 5%. However, it witnessed a recovery during the week and eventually closed at 22,828.55, marking a marginal decline of 0.33% from the previous week's close.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential...
Weekly Recap:
The Bank Nifty closed the week at 51,502.7, posting a decline of -0.12%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 51,617 to 51,390
Support & Resistance Levels:
Support Levels:
S1: 51,051
S2: 50,599
S3: 50,149
Resistance Levels:
R1: 51,959
...
Weekly Recap:
The Nifty 50 closed the week at 22,904.45, marking a significant decline of -2.61%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,829 and 22,980
Support & Resistance Levels:
Support Levels:
S1: 22,609
S2: 22,303
S3: 21,928
Resistance...
In daily the nearest resistance was around 414.5 to 421 TF price is trading in between a range of 355.20 to 420, and 2nd August the price was trying to break the resistance of 421 with huge volume of 14.404M even though Nifty 50 in -1.17% negative and Sensex in -1.08%. And the last 30 Days average volume of DELIVERY LTD is just 2.73M.
